A zero-discharge aquaculture system and process for treating water therewith, the system comprising an aquaculture tank (10) and a water treatment section comprising a foam fractionation unit (20) downstream the aquaculture tank (10); an anaerobic pond (30) downstream the aquaculture tank (10); an algae pool (40) downstream the foam fractionation unit (20) and the anaerobic pond (30); a common pool (50) downstream the algae pool (40); a bio-filtration reactor (60) downstream the common pool (50); and an oxygen injection unit (7 ) downstream the bio-filtration reactor (60) and upstream the aquaculture tank (10). The anaerobic pond (30) comprises an oxygen concentration reduction portion (36) upstream a pollution anaerobic treatment portion (38). The oxygen concentration reduction portion (36) comprises at least one oxygen concentration reduction member (31) positioned across a width of the oxygen concentration reduction portion (36). The oxygen concentration reduction member (31) comprises a network of oxygen removal agent support members (314) for providing a surface for an oxygen removing agent and defining spaces (316), wherethrough water can flow and come in contact with the oxygen removing agent.